Great insights Wisdom, I agree with you. :) The option bid and ask spreads on the QQQs are very narrow and fairly priced (usually a .02 spread) and the liquidity is very high. :)
Many people will spend hundreds and thousands of dollars a year on lotteries and much more at the gambling tables hoping to make a "killing" but won't spend any time learning how to trade stocks and/or options and to learn how they work in order to give themselves a real chance for a better life.
Trading options is very risky and IMVHO, less than 10% of options traders are successful with options over the short and the long term. It is mandatory to do major DD and constantly monitor all of the options and related stocks in one's portfolio. Failure to do so will lead to financial ruin. If people aren't willing to put in the major time and effort required to be successful in stock trading and especially in options trading they should stay away from trading and hold onto their hard-earned money. It is mandatory both in trading and in life in general to have a goal, then a plan on how to achieve that goal, and finally to execute that plan and review what the results were in order to make any modifications (post implementation review).
Thank you for bringing up the poor audio quality in the video. However, the content of the video was excellent and highly relevant. :)Thanks too for working to improve the audio quality. :)
Cheers, :)
Bob